The following are the most recent pieces of Forex technical analysis from around the world. The Forex technical analysis below covers the various currencies on the market and the most recent trends, technical indicators, as well as resistance and support levels.
Most Recent
The USD/JPY pair fell following the BOJ’s rate hike, with traders watching support at 154.90 and resistance at 156.80 as focus shifts to the upcoming US Fed announcement.
GBP/USD climbed to 1.2501 after better-than-expected UK economic data, but lingering economic concerns and expected BoE rate cuts may cap further upside.
Gold prices are approaching the critical $2800 resistance level, driven by inflation concerns and a weakening US dollar, with analysts forecasting further gains toward $3000.
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The USD/MXN surged in early trading amid renewed tariff threats from the U.S., with market sentiment turning cautious and traders anticipating heightened volatility.
The USD/ZAR remains range-bound near 18.56900, with recent gains fueled by economic concerns in South Africa and upcoming U.S. economic policy announcements.
The British pound surged following stronger-than-expected UK PMI data, approaching key resistance at 1.25, with traders watching for potential exhaustion signals.
The US dollar remains range-bound against the Swiss franc, testing key support at 0.90 while traders watch for a potential breakout toward 0.92.
The British pound surged against the Japanese yen following strong UK PMI data, with traders eyeing resistance at 195 and potential consolidation within the 190-200 range.
Gold continues its upward momentum, with strong support at $2,700 and potential for a breakout above $2,800, driven by global uncertainty and a softer US dollar.
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The Euro surged following Trump’s call for rate cuts, but resistance at 1.06 looms large, with traders remaining cautious amid broader bearish trends.
The FTSE 100 has pulled back to the key 8500 level, with strong support extending to 8400, as traders assess the market's bullish outlook amid recent gains.
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Ethereum continues to consolidate around the 50-day EMA, with strong support below and potential upside driven by broader crypto market trends and regulatory developments.
The Australian dollar has rallied above 0.57, but strong resistance at 0.5850 and ongoing concerns about China's economy suggest caution for further upside.
Despite a sharp decline, the USD/NOK pair remains in an overall uptrend, with traders viewing the pullback as a potential buying opportunity amid market volatility.
The New Zealand dollar has rallied to the 50-day EMA, facing strong resistance at 0.6350, with traders anticipating US dollar strength due to economic concerns in Asia.